The includes all other budgets to present a complete and comprehensive view of the company's financial position. A) zero-based budget O B) master budget O C) operating budget O D) financial budget O E) capital budget
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- The budgeted balance sheet is part of which element of the master budget? a. Financial budget b. Operating budget c. Capital expenditures budget d. None of the above(Management Accounting) In practice, when developing a budget, two extremes used for guidance are ________ and ________. A) participative budget; zero-base budget B) strategic budget; long-range budget C) financial planning budget; strategic budget D) zero-base budget; activities of current or prior periodwhich of the following is not a financial budget. a)capital expenditure budget b) manufacturing overhead budget c) budgeted balance sheet d) cash budget
- Which of the following includes only financial budgets?A. capital asset budget, budgeted income statement, sales budgetB. production budget, capital asset budget, budgeted balance sheetC. cash budget, budgeted balance sheet, capital asset budgetD. budgeted income statement, direct material purchases budget, cash budgetWhich of the following budgets would NOT be prepared by a service company? Question 6 options: Operating expense budget Production budget Budgeted income statement Capital expenditures budgetSelect the pupose for which the cash budgets -not - to be prepared a Plan for the investment to develop an entity • b. To control the expenses of an entity C. Whether the company will have deficit or surplus during the budget penod • d. None of these
- The budgeted balance sheet is part of which element of the master budget? Financial budget Operating budget Capital expenditures budget None of the aboveWhich budget evaluates the results of operations at the actual level of activity? A) capital budget B) cash budget C) static budget D) flexible budgetEach of the following statements includes a pair of words within parenthesis. Indicate which of the words should be chosen to make the statement true. The first statement is done as an example. A ( loan application / budget ) is a detailed financial plan that quantifies future expectations and actions relative to acquiring and using resources. Budgets ( should / should not ) be used to provide managers with "preapproval" for execution of spending plans. The (master budget / sales budget ) is a comprehensive document specifying sales targets, production activities, and financing actions. "Responsibility accounting" is a concept under which managers are held accountable for transactions and events ( beyond / under ) their direct influence and control. Some entities will follow a top-down( mandated / participative ) approach to budgeting. A deliberate effort to create "breathing room" within a budget is known as ("padding the budget" / "aerating" ). With ( incremental budgeting /…
- Which one of the following is an operating budget? a.cash budget b.sales budget c.budgeted balance sheet d.capital expenditure budgetPrepare a Pro Forma Statement of Comprehensive Income Statement BudgetWhich of the following is a correct definition of budget? Select one: O a. A statement which includes the strategic objectives of a company to be achieved in the long term. O b. A financial and/or quantitative statement, prepared and approved prior to define period of time, of the policy to be pursued during that period for the purpose of attaining a given objective O c. A financial statement which reports the achieved and not achieved objectives of the company for a period of time. O d. A financial and/or quantitative statement, prepared and approved after a define period of time, of the policy pursued during that period for the purpose of evaluating the objectives achieved.
